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Las Vegas Real Estate News: Residential Rental Market Remains STRONG, No Signs of Slowing!

Las Vegas, NV Real Estate The Las Vegas Valley Residential Rental Market Remains Strong after a large spike in May, small dip in June and now a small spike in July.

Long term residential rental landlords are winning in this market!

The median rental price is up $97/month since January. The average rental price is up $251/month since January. The current median price is $1297/month and the current average price is $1546/month. There is only 2.3 months total inventory (8/12/2007) in the Las Vegas Valley MLS.

Expect more pressure on the rental market & prices as subprime money runs out, more people moving to the valley and foreclosures spike.

Compare the rental inventory graph on the left to resale graphs in July.

If you are looking for a rental home: we provide free listings and search assistance. Please give us a call today to get started on your search!

All the Best,

Renee Burrows
Realtor®

Nevada Realty Solutions - Your Dream, Your Investment, You\'re Home!
8942 Spanish Ridge Avenue
Las Vegas, NV 89148
direct: 702-580-1783
fax: 702-995-8237
Renee@ReneeBurrows.com
http://www.ReneeBurrows.com

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Posted by Renee Burrows - Las Vegas NV Valley - Homes For Sale - Real Estate Market News on 08/13/2007 08:22 PM

Comments (3)

real estate, listings, rentals, las vegas

Originally posted at: Nevada Real Estate >> Las Vegas Real Estate Specialist: Las Vegas Real Estate News: Residential Rental Market Remains STRONG, No Signs of Slowing!

This post has been included in Nevada Information Clark County, NV Information

3 Comments on Las Vegas Real Estate News: Residential Rental Market Remains STRONG, No Signs of Slowing!

AUG

2007

Renee- You are right .. as more foreclosures happen the owners will still need a place to live which will make rentals jump.. actually I was surprised to see how high rentals are now.. thought they would have been a bit less expensive..